facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Office

/

Sale

/

20 Central Street, Salem, M...

Aeon Consulting Acquires Office Building On Central Street, Salem For $250,000
SOLDOffice

Aeon Consulting Acquires Office Building On Central Street, Salem For $250,000

20 Central Street, Salem, Massachusetts, USA

$250,000

$183/SF

Building Size

1,363 SF

Asset Type

Office

Closing

Jun 30, 2020

AI

Located at 20 Central Street in Salem, MA, this office property was recently sold in a transaction that took place on June 30, 2021. The asset spans 1,363 square feet and is situated in a prime location. The sale price for this property was $250,000, resulting in a price per square foot of $183. The seller, Hooper Holding, LLC, was represented by David Hark, while the buyer, Aeon Consulting, was represented by Amilton (Milton) Baptista from Keller Williams Boston Metro.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $250,000
  • Address: 20 Central Street, Salem, MA
  • Square Footage: 1,363
  • Seller: Hooper Holding, LLC
  • Seller's Representative: David Hark
  • Buyer: Aeon Consulting
  • Buyer's Representative: Amilton (Milton) Baptista - Keller Williams Boston Metro

This successful transaction underscores the strong demand for office spaces in the Salem, MA area. Both the buyer and seller were able to negotiate a final sale price of $250,000, with a price per square foot of $183. This deal was facilitated by Amilton (Milton) Baptista from Keller Williams Boston Metro who represented the buyer, Aeon Consulting. David Hark acted as the seller's representative for Hooper Holding, LLC. The purchase of this office property offers Aeon Consulting a strategic location to establish or expand their operations.

Players

Amilton Baptista

Keller Williams Realty

Broker

$250K

vol

6 deals

Broker

Salem Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

63.45%

Cash-on-Cash

-18.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93